Paybito to Conduct IEO Campaign For Indonesian E-commerce Startup

  • August 27, 2021
  • Jennifer Moore

Global Cryptocurrency Exchange PayBito offers IEO hosting services for an Indonesia-based E-commerce startup. The firm announced a utility token launch on the completion of 3 IEOs. The first round of IEO begins on 25th July, 2021.

IEO and E-commerce

PayBito Chief and Blockchain pioneer Raj Chowdhury said, “We’re delighted to be a part of a venture that targets decentralization,”

The Indonesian E-commerce startup aims to disrupt oligopoly by backing local companies equally along with big-name brands. Decentralization will start a better competition, helping both homegrown brands and consumers.

Also Read: Bolstered Security Trading with a Crypto Appendage

Impact of E-Commerce on Homegrown Brands

Chowdhury explained further, “This venture gains our support not only because its objective aligns with ours, but also because it attempts to set two wrongs right.”

Also Read: PayBito Offers Refer and Earn Program to its Global Users

Consumers are voicing concerns about the lack of brand options all over the world. Underlying reasons include market monopolization attempts by big brands. Governments are bringing in-laws to restrict monopoly. Campaigns on social media and other platforms for promotion of local homegrown brands rather than opting for famous international brands are increasing regularly. 

Source: https://www.benzinga.com/pressreleases/21/07/p22164074/paybito-to-host-ieo-for-e-commerce-startup-promoting-local-brands

Leave a Reply

Your email address will not be published. Required fields are marked *

Download the Mobile Apps

Contact Us

    Watchlist

    BCH/USD

    BTC/USD

    ETH/USD

    HCX/USD

    XRP/USD

    BSV/USD

    LTC/USD

    EOS/USD

    ADA/USD

    BAT/USD

    HBAR/USD

    UBU/USD

    Loading